David Ellison Says Paramount Is “Absolutely Open” To Settling WBD Antitrust Suit, But “We Will Win At Trial”
Paramount CEO David Ellison says he is “absolutely open” to settling an antitrust lawsuit against the company’s pending merger with Warner Bros Discovery but is also glad to proceed to a trial. Speaking for many during the company’s second-quarter earnings call, one Wall Street analyst asked what will happen if the pending $110 billion deal […]
Paramount CEO David Ellison has expressed openness to settling an antitrust lawsuit related to the company's planned $110 billion merger with Warner Bros Discovery. However, he also stated that the company is prepared to go to trial.
The lawsuit in question was brought by 12 states, which claim that the merger would result in an illegal concentration of Hollywood market share. Ellison has disputed this, arguing that the issue is not about market share but rather about his potential ownership of Warner Bros Discovery's CNN.
According to Ellison, the merger has been reviewed and approved by regulators in 65 countries, including the US, China, and the European Union. The Deadline report that Ellison said he is “absolutely open” to settling but also confident they “will win at trial”.
Brief written by urgent.news from Deadline, Front Office Sports — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- Paramount Antitrust Trial Delayed as Ellison Makes Case for Merger frontofficesports.com
